Breaking News: Investing
Buy these cash kings for downside protection and flexibility in tough market, Morgan Stanley says
As Wall Street surveys for potential risks heading into September, some large-cap companies with strong balance sheets could offer investors both downside protection and even some growth, says Morgan Stanley. In the second quarter, certain companies in the Russell 1000 maintained healthy cash balances, even as they fortified their businesses by putting cash toward share […]
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1st Solar announces new U.S. panel factory following the Inflation Reduction Act
Connie Black makes adjustments to the manufacturing line for the collection 6 solar panels observed throughout a tour of a Very first Solar plant in Walbridge, Ohio, Oct 6, 2021. Dane Rhys | Reuters First Photo voltaic declared Tuesday that it will establish a new photo voltaic panel manufacturing facility in the U.S. on the […]
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This Brazilian software education stock has pricing power and could surge 50%, JPMorgan says
It’s time to load up on shares of Brazilian software education company Arco Platform , according to JPMorgan. Analyst Marcelo Santos upgraded Arco to overweight from neutral, citing the education stock’s resilience in a downturn, as well as its current attractive entry point. “[We] see (1) the company well positioned to ride the uncertain macroeconomic […]
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B. Riley upgrades American Outdoor Brands to buy, says it can jump 40% from here
Shares of American Outdoor Brands could have more than 40% upside from here based on better-than-expected earnings next week , according to B. Riley Securities. Analyst Eric Wold upgraded shares of American Outdoor Brands to buy from neutral, and reiterated an $11 price target, saying low expectations are already built into the firearms stock. “This […]
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General Dynamics and Northrop Grumman are buys as defense spending ramps up, RBC says
More defense spending should boost shares of General Dynamics and Northrop Grumman , according to RBC Capital Markets. Analyst Ken Herbert initiated coverage of General Dynamics and Northrop Grumman with outperform ratings, saying the war in Ukraine and continued risk in China will boost the defense stocks over the near- and long-term. “We like NOC […]
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A bearish chart pattern is forming in the S&P 500, pointing to even more downside, Bank of America says
A bearish signal called a “head and shoulders” pattern by Wall Street chart watchers is forming in the S & P 500 after Friday’s sell-off, pointing to greater downside risk ahead, according to Bank of America. According to technical analysis, a head and shoulders chart pattern of three peaks — a high middle peak (“head”) […]
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This little-known biotech stock could surge 84% from here, Bank of America says
It’s time to buy IGM Biosciences , a company that is developing some promising new treatments for cancer and other diseases, according to Bank of America. Analyst Geoff Meacham initiated coverage of IGM Biosciences with a buy rating, setting a $34 price objective, citing a robust portfolio of IgM-based antibody therapeutics. “We rate IGM Biosciences […]
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Bitcoin drops beneath $20,000 to most affordable amount due to the fact mid-July as traders dump threat property
Individual bankruptcy filings from Celsius and Voyager have lifted inquiries about what transpires to investors’ crypto when a system fails. Rafael Henrique | Sopa Photographs | Lightrocket | Getty Visuals Bitcoin dropped underneath $20,000 on Monday as traders dumped chance assets after the Federal Reserve affirmed its commitment to an intense tightening path. The world’s greatest […]
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KeyBanc downgrades Dow to underweight, cites looming petrochemical recession
Sell shares of chemical producer Dow as a petrochemicals recession looms ahead, according to KeyBanc Capital Markets. Analyst Aleksey Yefremov downgraded shares of Dow to underweight from sector weight, citing challenges ahead for the company including potential power shortages in Europe later this year. “We see short-term risk/reward for names with meaningful commodity and European […]
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